SWFs lose $57.2bln in listed firms

From Business24-7.ae: Sovereign wealth funds (SWFs) have lost nearly half of their investments on paper that they made in listed companies, new research has showed.

At an aggregate level, they invested $125.7 billion (Dh461bn) in listed companies until the end of the first quarter of 2009, losing 46.7 per cent or $57.2bn of their investments due to a decline in share values, the Monitor Group and Feem said in their latest research report………Full Article: Source